SDOW vs. ^DJI
SDOW (ProShares UltraPro Short Dow30) is Leveraged Equities fund tracking the Dow Jones Industrial Average (-300%), while ^DJI (Dow Jones Industrial Average) is an index. Over the past 10 years, SDOW returned -39.02%/yr vs 11.72%/yr for ^DJI. At a correlation of -1.00, they often move in opposite directions.
Performance
SDOW vs. ^DJI - Performance Comparison
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Returns By Period
In the year-to-date period, SDOW achieves a -21.66% return, which is significantly lower than ^DJI's 8.03% return. Over the past 10 years, SDOW has underperformed ^DJI with an annualized return of -39.02%, while ^DJI has yielded a comparatively higher 11.72% annualized return.
SDOW
- 1D
- -0.40%
- 1M
- -8.55%
- YTD
- -21.66%
- 6M
- -18.34%
- 1Y
- -42.45%
- 3Y*
- -34.12%
- 5Y*
- -25.90%
- 10Y*
- -39.02%
^DJI
- 1D
- 0.14%
- 1M
- 2.89%
- YTD
- 8.03%
- 6M
- 6.55%
- 1Y
- 20.79%
- 3Y*
- 15.48%
- 5Y*
- 8.56%
- 10Y*
- 11.72%
SDOW vs. ^DJI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDOW ProShares UltraPro Short Dow30 | -21.66% | -33.94% | -25.95% | -28.78% | 4.00% | -49.00% | -66.48% | -49.54% | -0.30% | -52.26% |
^DJI Dow Jones Industrial Average | 8.03% | 12.97% | 12.88% | 13.70% | -8.78% | 18.73% | 7.25% | 22.34% | -5.63% | 25.08% |
Correlation
The correlation between SDOW and ^DJI is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -1.00 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -1.00 |
The correlation between SDOW and ^DJI has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
SDOW vs. ^DJI — Risk / Return Rank
SDOW
^DJI
SDOW vs. ^DJI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) and Dow Jones Industrial Average (^DJI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SDOW | ^DJI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.30 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | 2.09 | -3.12 |
| Martin ratioReturn relative to average drawdown | -1.79 | 7.92 | -9.70 |
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Drawdowns
SDOW vs. ^DJI - Drawdown Comparison
The maximum SDOW drawdown since its inception was -99.96%, which is greater than ^DJI's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for SDOW and ^DJI.
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Drawdown Indicators
| SDOW | ^DJI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -53.78% | -46.18% |
Max Drawdown (1Y)Largest decline over 1 year | -41.20% | -10.01% | -31.19% |
Max Drawdown (3Y)Largest decline over 3 years | -75.55% | -16.37% | -59.18% |
Max Drawdown (5Y)Largest decline over 5 years | -83.15% | -21.94% | -61.21% |
Max Drawdown (10Y)Largest decline over 10 years | -99.26% | -37.09% | -62.17% |
Current DrawdownCurrent decline from peak | -99.96% | -0.15% | -99.81% |
Average DrawdownAverage peak-to-trough decline | -89.59% | -8.02% | -81.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.68% | 2.63% | +23.05% |
Volatility
SDOW vs. ^DJI - Volatility Comparison
ProShares UltraPro Short Dow30 (SDOW) has a higher volatility of 12.31% compared to Dow Jones Industrial Average (^DJI) at 4.19%. This indicates that SDOW's price experiences larger fluctuations and is considered to be riskier than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDOW | ^DJI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.31% | 4.19% | +8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 29.42% | 9.84% | +19.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 12.40% | +24.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.41% | 14.87% | +29.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.11% | 17.60% | +34.51% |
Frequently Asked Questions
SDOW and ^DJI have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDOW has higher volatility (12.31%) compared to ^DJI (4.19%). In terms of maximum drawdown, SDOW dropped -99.96% vs ^DJI's -53.78%.
^DJI currently has the higher Sharpe Ratio (1.68 vs -1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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